Arif Habib Group has announced plans to acquire the remaining 25 percent government stake in Pakistan International Airlines, completing the airline’s full privatisation. The move aims to give the consortium operational control, streamline decision-making, expand the fleet, and improve passenger services across domestic and international routes. Group CEO Shahid Ali Habib stated that the acquisition […]
Arif Habib Group
PIA privatisation enters crucial next phase
Pakistan International Airlines (PIA) is moving into the next stage of privatisation, with the government weighing the sale of its remaining 25% stake. Officials said the stake is valued at about Rs45 billion and could be divested within three months. The move follows the transfer of 75% management control to a private consortium led by […]
Cabinet urged to approve Rs135bn PIA privatisation
The Cabinet Committee on Privatisation (CCoP) recommended approving a Rs135 billion bid for 75 percent shares of PIA. The consortium is led by the Arif Habib Group. The committee, chaired by Deputy PM Ishaq Dar, urged the cabinet to approve the deal promptly. The Arif Habib-led consortium submitted a top bid 35 percent above the […]